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Companies / Financials / BNB Standard Corp
BNC

BNB Standard Corp

FinancialsFinance Services
Ticker BNCLOUISVILLE, COFiscal year ends AprilBook value per share $12.35Diluted shares 745.0K

CEA Industries Inc. (Nasdaq: BNC) is a digital asset treasury company focused on acquiring and managing BNB, the native token of the BNB Chain ecosystem. Its treasury strategy seeks to provide public-market investors with exposure to BNB and generate income through treasury management, derivatives and airdrops; the… From the company’s description.

In fiscal 2024, BNB Standard Corp reported revenue of $2.80M, down 59.4% from fiscal 2023, and a net loss of $3.15M. Its pre-tax margin was −113.1%.

Fiscal year 2024 · ends 04-30Changes are against fiscal 2023
Sales & profitability
$2.80MFY2024
−59.4% year over year
-113.15%FY2024
−70.4 percentage points
$-3.15MFY2024
−8.1% year over year
-34.20%FY2024
−10.5 percentage points
Cash & financing
$-3.06MFY2024
+50.1% year over year
$-3.06MFY2024
+50.1% year over year
—
745.0KFY2024
−90.8% year over year

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure.

What BNB Standard Corp does

In the company’s own words

CEA Industries Inc. (Nasdaq: BNC) is a digital asset treasury company focused on acquiring and managing BNB, the native token of the BNB Chain ecosystem. Its treasury strategy seeks to provide public-market investors with exposure to BNB and generate income through treasury management, derivatives and airdrops; the company held 515,544 BNB valued at $317.3 million as of April 30, 2026. CEA operates through two reportable segments: BNB Treasury Management and Retail and Industry. The latter includes Fat Panda’s Canadian vape retail, distribution and manufacturing operations, along with the company’s industrial climate-control systems business serving indoor agriculture facilities. Fat Panda sells e-cigarettes, vape devices and e-liquids through its Fat Panda and Electric Fog brands, online and at 34 stores in Manitoba, Ontario and Saskatchewan as of April 30, 2026. The climate-control business supplies equipment and related design, installation and technical-support services to controlled-environment agriculture customers. CEA shifted to its BNB-focused strategy in August 2025; its earlier businesses included industrial climate control, and it acquired Fat Panda in June 2025. Its website is https://www.ceaindustries.com/.

Company details
Sector
Financials
Industry (SIC)
Finance Services
Headquarters
LOUISVILLE, CO
Fiscal year end
April
CIK
1482541
SIC
6199

Financial performance, year by year

Fiscal 2011–2024 · USD
$-7.57M$-1.35M$4.86M$11.08M$17.30M20112012201320142015201620172018201920202021202220232024

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns BNB Standard Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

15
funds hold it
0 of 35
superinvestors hold it
$8.09M
held by funds, at market
7.0%
of shares held by funds

Largest fund holders · BNB Standard Corp’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do BNB Standard Corp and its peers compare on margins and cash generation over ten years?”
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